GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST
Plan Contact
- Address: 6104 PRESERVATION DRIVE,CHATTANOOGA,TN
- Contact person: TOMMY HORST
- Phone: (423) 629-2501
Plan General Information
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST is $1,055,642.00.This plan was established in 1997.
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST is 296
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST is $3,566.00
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST is $1,004.00.
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST is approximately $538.00
Investing in this additonal $538.00 for 20 years would give you extra $34,453.00, assuming a 10% annual return.
Investing in this additonal $538.00 for 20 years would give you extra $34,453.00, assuming a 10% annual return.
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST allocates $159,347.00 to match its employees' contributions, providing an employer match rate of 107.15% of their contributions
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST is 53.21%.
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST is 20.37%. This measures the effectiveness of the plan participants' investments in the year.
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST is 1.99%.
Enrollment Features
GOODWILL INDUSTRIES OF THE GREATER CHATTANOOGA AREA 401(K) PLAN & TRUST has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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